Table 6.
Average Cumulative Expenditures in 2012 Dollars | ||||
---|---|---|---|---|
2000 Cohort | Simulated 2012 Cohort | |||
Program | Dollars | Percent (%) | Dollars | Percent (%) |
Total | 292,401 | 100.0 | 322,021 | 100.0 |
DI | 136,388 | 46.6 | 143,068 | 44.4 |
SSI | 13,982 | 4.8 | 11,645 | 3.6 |
Medicare | 85,058 | 29.1 | 112,067 | 34.8 |
Medicaid | 56,974 | 19.5 | 55,242 | 17.2 |
Note: The 2012 cohort data represent a simulated cohort of new disability benefit awardees in 2012. Expenditure amounts were derived from estimated cumulative expenditures for a 2000 cohort, adjusted for changes in case mix and benefit levels observed in published data. Cumulative expenditures have been discounted at rates reflecting the yield on inflation-indexed Treasury bills with variable maturation schedules as of September 12, 2013. Discounted expenditure estimates are given in 2012 constant dollars. Estimates assume growth in the nominal value of monthly disability benefit expenditures at CPI, and growth in health care expenditures at CPI + 2 percent beyond the observation period for actual expenditures. DI, Social Security Disability Insurance; SSI, Supplemental Security Income, federal expenditures only.
Source. Social Security Administration and Centers for Medicare and Medicaid Services administrative records.